PepsiCo price hikes lead to strong third-quarter earnings

10-10-2023 Business NY Post - Business 18

Price hikes lifted PepsiCo’s profits in the third quarter, but the company says those increases are likely to moderate in the coming year. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has increased prices by double-digits. The higher prices took a toll on demand, with...

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